SMI MID

Last updated
SMI MID
Foundation15 November 2004 (history from 3 January 1996)
Operator SIX Swiss Exchange
Exchanges SIX Swiss Exchange
Trading symbolSMIM
Constituents30
TypeMid-cap, price index
Market cap CHF  176.8 billion
(as of 29 September 2023) [1]
Weighting method Market-value-weighted, free-float-adjusted
Related indices SMI, SMI Expanded, SPI 20
Website official website
ISIN CH0019399838

The SMI MID (SMIM) is a stock index which lists Switzerland's mid-cap companies. The index is calculated by SIX Swiss Exchange. [1]

Contents

It includes the 30 Prime Standard shares from sectors that rank immediately below the companies included in the Swiss Market Index. The company size is based on terms of order book volume and market capitalization. [1]

The SMI MID was introduced on 15 November 2004, computed back to 3 January 1996 with a baseline value of 1000 points as of 31 December 1999. [1] Its composition is examined once a year. Calculation takes place in real-time: as soon as a new transaction occurs in a security contained in the SMI MID, an updated index level is calculated and displayed.

In 2020, the SMI MID, along with other SIX indices, was endorsed under the EU Benchmarks Regulation and is registered with the European Securities and Markets Authority, which means that it can be used as an underlying for financial products sold in the EU. [2]

Constituents

The following 30 stocks make up the SMI MID index as of 4 October 2023. [3] [4]

CompanySectorCantonTicker symbol
Adecco Professional Services Zurich ADEN
ams Hardware (Austria) AMS
Bâloise Insurance Basel-City BALN
Barry Callebaut Food & Beverages Zurich BARN
Belimo HVAC Zurich BEAN
BKW Energie Energy Bern SIX :  BKW
Clariant Specialty chemicals Basel-Country CLN
Dufry Retail trade Basel-City DUFN
Ems-Chemie Specialty chemicals Graubünden EMSN
Flughafen Zürich Infrastructure Zurich FHZN
Galenica Pharma, Retail TradeBern GALE
Georg Fischer Machines, Components Schaffhausen FI-N
Helvetia Insurance Insurance St. Gallen HELN
Julius Bär Banking Zurich BAER
Lindt & Sprüngli Food & BeveragesZurich LISN / LISP
Meyer Burger Energy Equipment Bern MBTN
PSP Swiss Property Real estate Zug PSPN
Roche (bearer share) PharmaBasel-City RO
Sandoz PharmaBasel-City SIX :  SDZ
Schindler Group Construction supply Lucerne SCHN / SCHP
SGS SA Business Services Geneva SGSN
SIG Group Packaging Schaffhausen SIGN
Straumann PharmaBasel-City STMN
Swatch Precision & Watches Bern UHR
Swiss Prime Site Real estate Soloturn SPSN
Tecan Scientific Equipment Zurich TECN
Temenos Group Software Geneva TEMN
VAT Group AG ComponentsSt.Gallen VACN

Recent adjustments

In the week beginning on Monday, 19th September 2022, SGS (formerly in the SMI), Belimo and the Roche bearer shares will enter SMIM. They will replace Sonova (hearing aids), Cembra (credit cards and consumer credits) and BB Biotech (biotechnology investment company). [5]

On March 31, 2022 the biochemical company Bachem was added to the index, replacing Vifor Pharma , because after sell of Vifor Pharma to the Australian CSL the free float dropped to 1.6% which is below the minimum of 20% required by SIX for index members. [6]

On September 18, 2020, four components were replaced. [7]

On October 16, 2020, Tecan was added to the index after the takeover of Sunrise Communications Group AG. [8]

See also

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References

  1. 1 2 3 4 "SMI Family – Factsheet" (PDF). SIX Swiss Exchange. Retrieved 6 October 2023.
  2. "Swiss Indices Endorsed Under the EU Benchmarks Regulation". SIX Swiss Exchange. Retrieved 12 April 2020.
  3. "SMI MID (SMIM)". SIX Swiss Exchange. Retrieved 2020-06-29.
  4. "Index adjustments on the occasion of the ordinary index review" (PDF). SIX Swiss Exchange. Retrieved 10 October 2019.
  5. "Morning Briefing - Markt Schweiz". Cash (Swiss finance magazine). 2022-09-16. Retrieved 2022-09-16.
  6. "SIX: VAT ersetzen Vifor Pharma im SLI - Bachem neu im SMIM". Cash (Swiss finance magazine). 2022-03-23. Retrieved 2022-11-27.
  7. "Index adjustments on the occasion of the ordinary index review" (PDF). SIX Swiss Exchange. Retrieved 2020-09-03.
  8. "Extraordinary index adjustments in conjunction with the takeover of Sunrise Communications Group AG" (PDF). SIX Swiss Exchange. Retrieved 2021-03-27.